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Big Banc Split Corp T.BNK

Alternate Symbol(s):  T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.


TSX:BNK - Post by User

Big Banc Split Corp > Albania to re-write oil contract
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Comment by nexthinkon Jan 20, 2016 1:58pm
105 Views
Post# 24477488

RE:Albania to re-write oil contract

RE:Albania to re-write oil contractThat's very bad news. So BNK will pay higher taxes in the future. Again big uncertainty to produce oil in a banana republic. That's explain also the discount compare to companies like CPG.

Brent trading at $25 now. So BNK is losing $2 per barrel they produce taking into account the hedging program.

Oil analysts forecast oil to find support at $18. Big resitance there. It should stay there up to the end of the year. The problem can BNK survive ?

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